Understanding the Importance of IFRS 16

The International Account Standards Board created IFRS 16 to recognize, measure, present and disclose right-of-use assets.

How IFRS 16 Impacts Companies Today

With a single lessee accounting model, lessees are not required to recognize assets and liabilities for all leases with a term of more than 12 months, with some exception. This results in a major change in financial statements of lessees of property and high-value equipment and lease accounting processes.

This change means significant financial liabilities cannot be left off of the company’s balance sheet

Unsure where to start on becoming compliant? Chat with an expert.

Become IFRS 16 Compliant with Occupier

Modern Full Service

Become and remain compliant with modern software, services, and a dedicated customer success team.

Easy-to-Use Interface

Streamlining old and new process become a breeze in Occupier’s dashboard.

Secure Record Keeping

From automatic journal entries to private data, Occupier keeps your information safe.

IFRS 16 Resources

The Role of Lease Accounting in the Lease Life Cycle

The Ultimate Guide to Accounting Under the IFRS 16 Standard

Gain IFRS 16 Compliance

Learn how Occupier can help your company become and remain compliant with IFRS 16, without frustration or a strain on your team’s bandwidth.

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